InterDigital, Inc. $IDCC Holdings Boosted by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC increased its holdings in InterDigital, Inc. by 89.5% in Q1, owning 11,957 shares valued at $2,472,000.
• InterDigital's stock reported a strong quarterly performance, with earnings of $6.52 per share, significantly exceeding analysts' estimates by $3.75.
• The company declared a quarterly dividend of $0.60 per share, resulting in a 0.9% dividend yield for investors.

HighTower Advisors LLC boosted its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 89.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,957 shares of the Wireless communications provider's stock after acquiring an additional 5,648 shares during the period. HighTower Advisors LLC's holdings in InterDigital were worth $2,472,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. NewEdge Advisors LLC raised its holdings in shares of InterDigital by 488.4% during the fourth quarter. NewEdge Advisors LLC now owns 2,842 shares of the Wireless communications provider's stock valued at $551,000 after buying an additional 2,359 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of InterDigital by 14.1% during the fourth quarter. First Trust Advisors LP now owns 103,295 shares of the Wireless communications provider's stock valued at $20,010,000 after buying an additional 12,804 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of InterDigital by 4.6% during the fourth quarter. MetLife Investment Management LLC now owns 15,267 shares of the Wireless communications provider's stock valued at $2,958,000 after buying an additional 675 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of InterDigital by 865.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,521 shares of the Wireless communications provider's stock valued at $488,000 after buying an additional 2,260 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of InterDigital by 312.3% during the fourth quarter. Stifel Financial Corp now owns 7,005 shares of the Wireless communications provider's stock valued at $1,357,000 after buying an additional 5,306 shares during the last quarter. Institutional investors own 99.83% of the company's stock.

Insider Buying and Selling at InterDigital

In related news, Director Samir Armaly sold 779 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.52, for a total transaction of $176,459.08. Following the transaction, the director owned 3,128 shares in the company, valued at $708,554.56. This trade represents a 19.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Rajesh Pankaj sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total transaction of $261,030.00. Following the transaction, the chief technology officer owned 67,122 shares in the company, valued at $17,520,855.66. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,062 shares of company stock valued at $1,181,883. 2.80% of the stock is currently owned by company insiders.

InterDigital Stock Performance

IDCC opened at $266.27 on Friday. The business's 50 day moving average is $240.03 and its 200-day moving average is $220.29. The stock has a market cap of $6.87 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a twelve month low of $129.76 and a twelve month high of $277.95.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $3.75. The company had revenue of $300.60 million for the quarter, compared to analysts' expectations of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The business's revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.57 earnings per share. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. On average, analysts predict that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, July 9th. InterDigital's dividend payout ratio (DPR) is currently 17.11%.

InterDigital Company Profile

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.

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